Algold Resources Ltd. (ALG.V) (CVE:ALG) Shares Down 3.3% – Time to Sell?

Algold Resources Ltd. (ALG.V) (CVE:ALG)’s stock price traded down 3.3% during trading on Tuesday . The company traded as low as C$0.11 and last traded at C$0.15. 17,800 shares were traded during trading, a decline of 45% from the average session volume of 32,624 shares. The stock had previously closed at C$0.15.

Algold Resources Ltd. (ALG.V) Trading Down 3.3 %

The company’s 50 day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.14. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 19.21. The company has a market capitalization of C$4.04 million and a price-to-earnings ratio of -0.44.

About Algold Resources Ltd. (ALG.V)

Algold Resources Ltd., a junior mineral exploration company, acquires, explores, and develops gold mining properties in Mauritania, West Africa. It holds interests in the Tijirit property covering an area of approximately 2,200 square kilometers located in Mauritania; Kneivissat property totaling an area of 830 square kilometers; and Legouessi exploration license located to the north of Nouakchott.